Retiring early

You can retire before your normal pension age but your pension may be reduced.

Early retirement at your request

You can choose to retire early from age 55. If you choose to retire before your normal pension age your benefits are likely to be reduced because they will be paid earlier and for longer.

How much your benefits are reduced depends on how early you retire.

Example

Please contact us if you want to talk about your individual situation.

Early retirement through redundancy or business efficiency

If your employer makes you redundant or retires you in the interests of business efficiency and you are aged 55 or over, your pension will be paid immediately without reduction.

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